Everest enters another European market amid global expansion drive
Everest Insurance, the insurance division of property, casualty, and specialty re/insurer Everest Re Group, has expanded into the Spanish market under the leadership of José Ramón Morales. The move comes on the heels of Everest’s primary insurance operations openings in France and Germany as well as its entrance into the Latin American and Asia Pacific markets as part of its international expansion strategy.
The company has secured regulatory approval from the relevant authorities to operate in Spain, trading as Everest Insurance (Ireland) DAC, Sucursal en España. The Spain branch is headquartered in Madrid, with another office opening in Barcelona, and operations are led by Morales, head of Spain.
Everest’s Madrid and Barcelona offices will provide a bespoke range of insurance products and risk solutions for key sectors including property, casualty, medical malpractice, financial lines, energy and construction, accident and health, and cyber.
Under the leadership of Morales, Everest continues to build out its team of senior underwriters to serve the evolving needs of the Spanish market and support the company’s continued growth.
“The Spanish market is quite sophisticated with a wide range of market exposures that require niche solutions Everest is well positioned to deliver,” he said. “We are entering Spain with a depth and breadth of innovative product offerings along with a high caliber of underwriters with a deep understanding of the local market’s needs, empowered to provide superior service to our clients and brokers.”
Vincent Vandendael, CEO of Everest Global Markets, added: “Building on 50 years of financial strength, our deep expertise, speed to market, and customer-first approach enables us to bring our world-class services and additional capacity to the Spanish market. As we continue to expand our European footprint, I look forward to working closely with José Ramón and his team of highly skilled, agile underwriters to address the unique needs of this market.”
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